The head of one of Wall Street's biggest banks believes bitcoin is "more than just a fad."

James Gorman, CEO of Morgan Stanley, made the comments during an event hosted by the Wall Street Journal today. According to Bloomberg, Gorman said that the privacy features of cryptocurrency are compelling.

He said:

"The concept of anonymous currency is a very interesting concept – interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that."

I think everyone who claims that they use their words to influence the price for their own gain is quite unrealistic. The amounts that major banks seem to invest is kind of irrelevant relative to their other investments and so the idea of them trying to influence the price so they can perform better seems quite farfetched because they really don't stand to profit that much from it.

Remember when another bank CEO talked bad about bitcoins? Then when bitcoins went down by a lot those big banks suddenly bought a shit ton of bitcoins. Now here they are trying to pump the price. They are all actually abusing their power by doing this. Well, the other problem here is that it can be seen that bitcoin prices are easily influenced.

that CEO be like" O shit the price of bitcoin is pumping again but my wallet hasn't full of bitcoin yet, time to shake the market by making nonsense statement again" back thenand now "Shit i want to sell my bitcoin, need ez money immediately"but hell man, why so many dumb people just believing this shit, it's all planned behind the screen to influence price of the market, and people just follow it lol.

The head of one of Wall Street's biggest banks believes bitcoin is "more than just a fad."

James Gorman, CEO of Morgan Stanley, made the comments during an event hosted by the Wall Street Journal today. According to Bloomberg, Gorman said that the privacy features of cryptocurrency are compelling.

He said:

"The concept of anonymous currency is a very interesting concept – interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that."

Last two weeks it was JP Morgan CEO who gave the credit for the crash and he started feeling himself. I guess what Gorman is trying to do is to get another of such recognition in case there is a recovery of price which is what is currently happening. Unfortunately for him, I don't buy it because he ain't saying anything different than we already know.

Everybody is bitcoin is expected to be knowledgeable about the issue of anonymity so reminding us of that is not an extra bonus to be earned as a result. Others might credit him, but I don't care and he can keep his opinion on the matter.

He is just saying that cryptos are an interesting concept? What's wrong with that? He isn't saying Bitcoin is shit or something like that. If each time someone well know says something about Bitcoin and you make a topic to making look like a drama you will never end

The amounts invested by banks in Bitcoin/Bitcoin companies wouldn't be so important in their portofolio

In my view, this is a classic case of reverse psychology. Fine, everyone is entitled to their opinion, but these bank CEO's aren't just waking up to the concept of bitcoin or crytpto in general. Surely, there is some sort of hidden agenda behind these statement, i'm not certain what the aim is but some of the suggestions in this post already touched on what it might be. Obviously, corporations would rather buy-in when the price of btc is low. Personally, i pay no mind to these guys.

In my view, this is a classic case of reverse psychology. Fine, everyone is entitled to their opinion, but these bank CEO's aren't just waking up to the concept of bitcoin or crytpto in general. Surely, there is some sort of hidden agenda behind these statement, i'm not certain what the aim is but some of the suggestions in this post already touched on what it might be. Obviously, corporations would rather buy-in when the price of btc is low. Personally, i pay no mind to these guys.

If they advocate bitcoin, why they shared negative news about bitcoin? And why jp morgan was spreading horror stories about bitcoin last weeks? These questions are driving me crazy folks. They're not consistent with their ideas.

In my view, this is a classic case of reverse psychology. Fine, everyone is entitled to their opinion, but these bank CEO's aren't just waking up to the concept of bitcoin or crytpto in general. Surely, there is some sort of hidden agenda behind these statement, i'm not certain what the aim is but some of the suggestions in this post already touched on what it might be. Obviously, corporations would rather buy-in when the price of btc is low. Personally, i pay no mind to these guys.

If they advocate bitcoin, why they shared negative news about bitcoin? And why jp morgan was spreading horror stories about bitcoin last weeks? These questions are driving me crazy folks. They're not consistent with their ideas.

They are very consistent to their ideas, they shared negative and horror stories because jpmorgan want to causing panic sell so they can buy cheap bitcoin